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◆ Public sector issuers embrace hedge fund bid... ◆ ... as they flex in the swap market ◆ Car makers welcomed back to bond market
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New contracts cannot yet be traded in US
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  • The Securities and Exchange Commission is restricting the investment possibilities for new fixed-income exchange-traded funds, particularly actively managed vehicles, according to executives from Vanguard Group and PIMCO.
  • Aviva Investors has filed a prospectus with the Monetary Authority of Singapore to begin offering its Global REIT Fund, which uses over-the-counter derivatives in both investment and hedging strategies, to Singapore investors.
  • The Depository Trust & Clearing Corporation has launched a Web site to provide regulators access to trade-specific credit default swap data.
  • CME Group has signed a non-binding term sheet with the 10 global swap dealers that are the founding member of CME’s clearing service for over-the-counter interest rate swaps.
  • The European Central Bank may still create a central clearing house for over-the-counter derivatives despite the fact that Axel Weber, who advocates such an entity, has withdrawn from the race to head the ECB.
  • Nearly 70% of European fixed-income investors are expecting a slowdown of inflows into the sector, according to Fitch Ratings.